Business Services Item

DATE:	Tuesday, July 7, 2020
TO:	School Board Members
FROM:	Addison Davis, Superintendent
SUBJECT / RECOMMENDATIONS
<p>Approve the Advertisement Framework for the 2020/2021 Fiscal Year Proposed Millage Rates, Tentative Budget, Notice of Budget Hearing/Proposed Tax Increase, and Notice of Tax for School Capital Outlay; and Allow Staff to Make Modifications as Updated Information is Received from Tallahassee (<em>Finance Division</em>)</p>
EXECUTIVE SUMMARY
<p>Per Section 200.065 Florida Statutes, the Superintendent is required to submit a tentative budget to the Board within 24 days of certification of taxable value per Florida Department of Revenue Truth in Millage (TRIM) timetable.&nbsp;</p> <p>The TRIM process informs taxpayers and the public about the legislative process which determines local ad valorem (property) taxes. Florida State laws provide for public input and for governing bodies of taxing authorities to state specific reasons for proposed changes in taxes and the budget.&nbsp;</p> <p>The current attachments utilize the Florida Education Finance Program Fiscal Year 2020/2021 tentative Final Conference Report, March 15, 2020.</p>
STRATEGIC OBJECTIVES
<p>• Establish a strong foundation of financial stewardship</p>
FINANCIAL IMPACT (Budgeted:  No)
EVALUATION
SUBMITTED BY:  Susan Garcia, General Manager, Budget, Cash Management, and Federal Finance, susan.garcia@hcps.net, (813) 272-4064

		Gretchen Saunders
		Chief Financial Officer (813) 272-4270
		C 6.05
Hillsborough County Public Schools (Florida) * Mtg.#20200707_1006 (Board Meeting) * Section C Item# 6.05